FDLS vs. SHRT ETF Comparison

Comparison of Inspire Fidelis Multi Factor ETF (FDLS) to Gotham Short Strategies ETF (SHRT)

FDLS

Inspire Fidelis Multi Factor ETF

FDLS Description

Inspire Fidelis Multi Factor ESG ETF is an exchange traded fund launched by Northern Lights Fund Trust IV. The fund is managed by Inspire Investing, LLC. It invests in public equity markets of the United States. It invests in stocks of companies operating across diversified sectors. The fund invests in growth and value stocks of companies across diversified market capitalization. It invests in stocks of companies that are deemed socially conscious in their business dealings and directly promote environmental responsibility. The fund seeks to track the performance of the WI Fidelis Multi-Cap, Multi-Factor ESG Index, by using full replication technique. Inspire Fidelis Multi Factor ESG ETF is domiciled in the United States.

Grade (RS Rating)

Last Trade

$33.92

Average Daily Volume

11,396

Number of Holdings ^*

* may have additional holdings in another (foreign) market

SHRT

Gotham Short Strategies ETF

SHRT Description

The fund is an actively-managed exchange-traded fund ("ETF") that seeks to achieve its investment objective by investing under normal circumstances in long and short positions of equity and equity-related securities (i.e., swaps), primarily of companies traded on U.S. markets. The fund"s sub-adviser, Gotham Asset Management, LLC ("Gotham" or the "Sub-Adviser") seeks to maintain the fund"s net equity exposure, which is the value of the fund"s long positions minus its short positions, at approximately 50% net short.

Grade (RS Rating)

Last Trade

$7.55

Average Daily Volume

2,487

Number of Holdings ^*

200

* may have additional holdings in another (foreign) market

Performance

Period	FDLS	SHRT
30 Days	8.72%	-7.59%
60 Days	8.68%	-8.76%
90 Days	8.22%	-8.43%
12 Months	26.97%	-6.99%

13 Overlapping Holdings

Symbol	Grade	Weight in FDLS	Weight in SHRT	Overlap
ACIW	B	1.07%	0.16%	0.16%
ADMA	B	0.99%	0.15%	0.15%
APPF	B	0.97%	0.15%	0.15%
CHWY	B	0.99%	1.34%	0.99%
CRUS	D	0.77%	1.26%	0.77%
DVA	B	0.91%	0.01%	0.01%
EHC	B	1.06%	0.01%	0.01%
EME	C	1.09%	0.5%	0.5%
LII	A	0.96%	0.84%	0.84%
PPC	C	1.13%	1.09%	1.09%
THC	D	0.94%	1.9%	0.94%
TSN	B	1.0%	1.15%	1.0%
UHS	D	0.81%	0.8%	0.8%

FDLS Overweight 85 Positions Relative to SHRT

Symbol	Grade	Weight
HNST	B	1.64%
POWL	C	1.51%
SMWB	B	1.32%
DAL	C	1.31%
DOCU	A	1.31%
SFM	A	1.3%
IBKR	A	1.28%
TILE	B	1.27%
TDS	B	1.24%
CEIX	A	1.22%
NECB	B	1.21%
OPRA	A	1.19%
TCBX	A	1.19%
TRGP	B	1.19%
HQY	B	1.17%
GRMN	B	1.16%
NTNX	A	1.16%
BKR	B	1.12%
HWM	A	1.12%
QCRH	A	1.12%
FIX	A	1.11%
STLD	B	1.11%
DECK	A	1.11%
VIRT	B	1.07%
TCMD	A	1.07%
BBW	B	1.07%
GEN	B	1.07%
FCNCA	A	1.06%
GFF	A	1.06%
ITRI	B	1.06%
HSTM	B	1.06%
CVLT	B	1.06%
CTAS	B	1.04%
BFH	B	1.03%
TSM	B	1.02%
VNET	B	1.02%
OSPN	A	1.02%
LGTY	D	1.01%
RGA	A	1.01%
MPLX	A	1.0%
CAT	B	1.0%
WLDN	D	0.99%
WRB	A	0.99%
QNST	B	0.99%
WWD	B	0.99%
PNW	B	0.98%
VIRC	B	0.98%
CPRX	C	0.98%
PGR	A	0.98%
BMI	B	0.97%
CSTL	D	0.96%
MGIC	F	0.96%
FANG	D	0.96%
RNR	C	0.95%
CBT	C	0.95%
MNDY	C	0.94%
OFG	B	0.93%
FRST	B	0.92%
WES	C	0.92%
FRBA	C	0.9%
BELFB	C	0.9%
RMD	C	0.9%
UGI	A	0.9%
QCOM	F	0.9%
SAIC	F	0.89%
ESEA	D	0.87%
BCRX	D	0.87%
PTGX	C	0.86%
MELI	D	0.85%
PHM	D	0.85%
EGY	D	0.84%
BG	F	0.84%
VITL	D	0.83%
HY	D	0.82%
NOMD	D	0.81%
MG	D	0.8%
EVER	F	0.8%
DHI	D	0.8%
PLUS	F	0.77%
FSLR	F	0.76%
NEM	D	0.73%
ASC	F	0.64%
OSCR	D	0.63%
ATNI	F	0.62%
ANGI	D	0.59%

FDLS Underweight 187 Positions Relative to SHRT

Symbol	Grade	Weight
GM	B	-2.09%
TGT	F	-2.05%
LRCX	F	-1.84%
LPX	B	-1.65%
FMC	D	-1.45%
BIIB	F	-1.36%
CVX	A	-1.31%
SWKS	F	-1.21%
ELAN	D	-1.13%
EOG	A	-1.12%
RVTY	F	-1.12%
GTLS	B	-1.08%
QGEN	D	-1.01%
ZBRA	B	-1.0%
WBA	F	-0.92%
JBHT	C	-0.9%
QRVO	F	-0.88%
MATX	C	-0.83%
MU	D	-0.82%
CHTR	C	-0.82%
JCI	C	-0.81%
NOC	D	-0.81%
MTZ	B	-0.8%
D	C	-0.8%
KLAC	D	-0.8%
UPS	C	-0.8%
TKO	B	-0.78%
CTLT	B	-0.75%
INGR	B	-0.73%
FCX	D	-0.71%
MKSI	C	-0.71%
CEG	D	-0.69%
OVV	B	-0.69%
ICUI	D	-0.67%
STX	D	-0.66%
WDC	D	-0.65%
LHX	C	-0.65%
PFE	D	-0.65%
CROX	D	-0.64%
J	F	-0.63%
CL	D	-0.63%
MOH	F	-0.63%
BALL	D	-0.62%
MUR	D	-0.61%
MRO	B	-0.59%
HOLX	D	-0.58%
ENPH	F	-0.57%
KMX	B	-0.56%
EL	F	-0.56%
RGEN	D	-0.55%
POST	C	-0.55%
ANET	C	-0.51%
AVNT	B	-0.5%
CNX	A	-0.5%
ECL	D	-0.5%
AVTR	F	-0.49%
ABBV	D	-0.48%
NCLH	B	-0.48%
FSS	B	-0.47%
CLX	B	-0.46%
EXEL	B	-0.46%
SCCO	F	-0.45%
TPX	B	-0.44%
HALO	F	-0.44%
GNRC	B	-0.43%
BMRN	D	-0.42%
CCK	C	-0.4%
MAS	D	-0.39%
SLGN	A	-0.38%
LTH	C	-0.37%
VMC	B	-0.36%
HAS	D	-0.35%
NSC	B	-0.35%
DD	D	-0.35%
CF	B	-0.34%
TRU	D	-0.34%
ZTS	D	-0.33%
IQV	D	-0.33%
GD	F	-0.33%
MSGS	A	-0.32%
VMI	B	-0.32%
AMAT	F	-0.31%
CI	F	-0.31%
XRAY	F	-0.31%
JAZZ	B	-0.3%
LKQ	D	-0.3%
HES	B	-0.3%
TWLO	A	-0.29%
BLD	D	-0.29%
MMS	F	-0.29%
CTRA	B	-0.27%
SO	D	-0.27%
EMR	A	-0.26%
UI	A	-0.26%
ONTO	D	-0.26%
TXRH	C	-0.25%
ASH	D	-0.24%
BPMC	C	-0.24%
SYK	C	-0.23%
SKYW	B	-0.23%
WSM	B	-0.23%
ILMN	D	-0.22%
NFG	A	-0.22%
LEVI	F	-0.22%
ALLE	D	-0.21%
FLS	B	-0.21%
PSN	D	-0.21%
BAH	F	-0.2%
HIMS	B	-0.2%
EFX	F	-0.2%
COTY	F	-0.2%
MRVL	B	-0.2%
EW	C	-0.19%
TYL	B	-0.19%
CHDN	B	-0.18%
FOXA	B	-0.18%
H	B	-0.17%
NBIX	C	-0.17%
ALKS	B	-0.17%
GFS	C	-0.16%
GDDY	A	-0.16%
ESI	A	-0.16%
EMN	D	-0.16%
KTB	B	-0.15%
VTRS	A	-0.14%
VLTO	D	-0.14%
SHAK	C	-0.14%
RKLB	B	-0.13%
SWX	B	-0.13%
LYFT	C	-0.13%
ISRG	A	-0.12%
INFA	D	-0.12%
TMO	F	-0.12%
PODD	C	-0.11%
GMED	A	-0.11%
CNI	D	-0.11%
IDXX	F	-0.11%
PNR	A	-0.1%
IPG	D	-0.1%
AWI	A	-0.09%
FCN	D	-0.09%
SEM	B	-0.09%
OLED	D	-0.09%
TPL	A	-0.09%
KEX	C	-0.09%
PEN	B	-0.09%
SPOT	B	-0.08%
RGLD	C	-0.08%
PLXS	B	-0.08%
IGT	F	-0.08%
NOV	C	-0.08%
REGN	F	-0.08%
PTC	A	-0.07%
CHD	B	-0.07%
CWAN	B	-0.07%
ABG	B	-0.07%
VRSN	F	-0.07%
ROST	C	-0.06%
PRIM	A	-0.06%
SNDR	B	-0.05%
NXST	C	-0.05%
QTWO	A	-0.05%
FTDR	A	-0.04%
DTM	B	-0.04%
NTRA	B	-0.03%
MPWR	F	-0.03%
UBER	D	-0.03%
CMC	B	-0.03%
PWR	A	-0.02%
AOS	F	-0.02%
TER	D	-0.02%
DNB	B	-0.02%
BFAM	D	-0.02%
HSIC	B	-0.02%
APG	B	-0.02%
MTCH	D	-0.02%
TTEK	F	-0.02%
BLDR	D	-0.02%
R	B	-0.01%
RUSHA	C	-0.01%
GEHC	F	-0.01%
IAC	D	-0.01%
SITM	B	-0.01%
DOX	D	-0.01%
ZBH	C	-0.01%
OPCH	D	-0.01%
CRVL	A	-0.0%